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<br /> �: �: ��.����� LOAN �1: 8359110
<br /> ' TppE'1'HB�t WiTH till thc improvements now a her c enx an t c pr�perty,ond all e�ti�ement�,appunenunccy.und
<br /> 1
<br /> �xwrc.g now on c�rc�ftcr o piut of the property.Alf rcplaccmcntg und addlUans ahNl olso bc covercd by thiR Security InstrumenG
<br /> �' § All af dtu forcgoing is rcfcrred w in Ihi�Securtty lnsmu�cntag thc"Propeny:'
<br /> � BORROWER COVENANTS that Borrowcr is lawfully soised af tha esmto hcrcby comaycd and haa tho rigM ta gmnt artd <•
<br /> convey the Propeny and Ihat Qu Peapcny Is unencumbered,eACept far encur�brances nf record.Barrower wnminw and will defcnd
<br /> � • � generully the tltle to tho Property ngainst ell claims and demtmds,subject uo eny encumbrances of record. _
<br /> s�. `-� THIS SECURITY INSTRUN�NT combines uniform covenants for nallonal usc m►d aon-unUorm covcrwnta with 1lcnitcd �'"
<br /> �**"� �. vadationa by jurlsdiction to wnsdwta a uniform secutity lnswment wvering real propeny. �.-:
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<br /> ,^Yh'^"`�+�'.t' UNIPORM COVBNANPS.Borrower and Lcnd�roovenant and ngree as follows: _
<br /> � .. `• ? 1. Paya�en3 ot PrincEpat sud Inderest; Prepay�ent and Late C4arges. Borrawer shall prompdy pay when duo thc --
<br /> ya
<br /> -, ; ptincipal of and i��terest on thc dcbt ev�denced by tUe Note and any prepaymer►t and lete charges due under the Nate �
<br /> # 2.F'nnds tor Ta�ces end Insurance. Subject W appUeablo law or w a written waiver by L.ender, Borrower shalt pay to
<br /> � � � . Lcnder on the day monihly payments are due under the Plote,unttl the Note is paid in full,a sum("Funds")for.(a)Yearly taxes
<br /> - and as.sessments wbich may attain priority over this 5ecurity Inswme�u as a lien on tha PropertY;(b)Yearly lcasehold payments or
<br /> , . �� ground cents on the Propeaty.if anY:(c)Ye�ly harard or pmperty insutance ptemiums;(d)Yearly flood insuiance premiums.If
<br />_ any:(e)Yearly mortgage insurence plemiwns, �f any;and(�any aums payable by Borrower to Lender. in accoNaace wIth the
<br /> _� '� provisions of paragaph 8,in lieu of the payment of mortgage insivance premlums.'fhese items are called"Escmw Itams"Lender
<br /> .. _-_-,�-Y p�ay,at any dme.collect aztd hold Funds in an ancount aoi to excee�i ihe maximwn amoiuet a lender for a federally ralated mortgege
<br /> - ---- Pre�ss*�es P�t of l974 ss emend�f from
<br /> �, loan maY raci�ure for Bonowei s cati:,�w accouat uuda ths feslerat Rea!Fstata Settlement —
<br /> time m tir��12 U.S.C.Secdon 2601 et seq.("RESPA"),unless another law that appGes w tt�e Funds sets a lessear amount If so. v.
<br /> Lender may,at any tane,collect and hold Funds in an araount not tn e�ceed the lesset amount Lender may estimatc the amount of
<br /> Funds due on the basis of cun�ent data and nasonatrle e�mates of expendiwres of fuwre Escrow It$ms or otheraLse in aa�rdance
<br /> � with applicable law. —
<br /> The Funds shall be hetd ln an institutloa whase depostts are insuned by$federal agency,ij►sirumentality.or endty(including
<br />- �` � Lender.if I�de,r is suc6 an institudon)or in any Federal Home I.flaa Bmnk.L,ender shall aAPly the Funds tn pay the Escroa It,ems.
<br /> � Le,�tder may not charge Boirower for holding and apP1YIn8 the Funds.annua]!y analYzi�►8 the esaow account,or verifyinB the
<br />_ , .,; �� Escrow Items,unless Lender pays Bormwer interest on tlte FLnds and applicable law peratits I.ender to meke such a chaBe.
<br />-- ' :,�r� However.Lender may require Honrower to pay a oue-time charge for an indegendent reat esmte tax reportin8�Ice used by -
<br /> �oskesrrsw.1Jutess?�o.orn�.menc is made er applicable law .r
<br /> - -` _ -• L�mder in wss�tion tvlt3e this Ioan,�pnies�z�iiic�bie iaw gravid ° -�
<br /> �.;���-:'. Borrower any int�est or ear�nBs on the Honds.Boirower wnd
<br />=f. . .�.y�:�� requires iat�rest to be gaid,I.ender shall not be required to pay
<br />,�=.;;; ,e,'=1 ' Latder may agcee�n writing,however�that interest d�all be paid on tke Funds.L.ender shari give to Bo�rower.without ct�gc:an
<br /> . �.r,
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<br />�,;y:.:,�:�.�..:;�� annual�ccounting of the Funds.showia8 credits and debits w�tce Fhnds and the purpose for which each debit to the k�n was
<br />:°�"��: "�� t made.The Funds are pledged as addidoaal security for all sums secured by this Secudty Insttument
<br />-"`'". '=:'� If tlte Funds hetd by Leader eacceed the�unounts Perntitoed to be held by appl�cable law.�eder shall acct►unt w Borrower for
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<br />-�:�.�1,,;;�' d►e exces.c Funds jn s000rdance with the re9uiremen�of applicable law.If the amaunt of the Fuads held by Lender at any e�s
<br />��-==:=v�:��a not sufficient to pay the Escrow Items whea due.L�ender may so nodfy Borroaer i�wc4dng,and,in sueh case Bormwer shall pay
<br />_ ":-''--- tn I.ender dee amount necessary to make aP the defic�mcy Horrower shall make up the deHateacy in ao more than ta+elve monthIy
<br /> �°`'�:`�',�"•l paydcents.ai I.ender's sole d�saeflon. �
<br /> '°-?�_-.�.�_�,. Ul�PaYment u►f�nU of all sums�secured by this Se�uriry Insdument,Leader sdaU pmmpfly refund to Boirowes any Ftuids
<br />-��v_s�.'�;:° held by f.ender.If.uader pare8raP1t 21.Leader shall acquire or sell the Property�Ler►der,Prlor w tde ac9uisidon or sale of the
<br />--_�::�"� pi°pe�y shaf!apply a°y Fuads held by Lender�t the�rne of.acquisidon or sale as a credit.ageinsc d►e sums secure�by this
<br /> =-_---- Security lnsmtme,at ents received by L�nder under paragraDhs 1
<br /> --":�•����.*�� 3.Applicatton otPiaytnenta UNess aPPHca'bk Iaw provides oti�etwise.a1I paYm
<br />�+;�j�;�� and 2 shall be applied:f�est:_w enY psepaYa►ent ct►arBes due undea tha Note;seobnd,tn amounts payable uuder paregraph 2;third.
<br /> ;:;_�„_;;; co int�:due:fourih.to�rinciPal due;and last,to aay late cwuBes due under the Note.
<br />--�,,...;:-:::; 4.Chstrges:LIens. Borrower sdall pay all ta�es.assessments.chaz8es.flnes and impositlons amdbu�ble�o the Property
<br />-���:h,;�q ahich may attaia prioriry over this Sacurity Insuuineat,and IeasehoW paY�►�s or Bmund reats.if any.Bomower sball pay these
<br /> _'•^ ,� h 2.ar if not d in thai mannar,Bosmwer shall pay them on ti�ne di,rectly to t!►e
<br /> -�z�_��=�,� obligatlions in the mamter pro ded in paragcap P�
<br />___��`�••� pason awed payment Barrower shall P��P�Y f�to L,euder all naAllces of amouau w be paid under this paragraph. If
<br /> =�:�`;�^:`'. Bormwer makes these payments direct�y.Borrower ahall promptly fumigh to Lender recxipts evlde�►cin8 the payments.
<br />�_��,„:.
<br />�-__ ��:�:�. Borrower shall pmmptly disth�rge any lien ahich has prtority over ihis Searrig+Instmment uniess Borrower:(a)agcoes in
<br />',.:�^�`'�"�;_ anidng tn the payment of the obligation seamad by tlise Hen in a manner aoceptable oo i.cmder;(b)contests in goed faitA tba liea bY.
<br />=�°`�''''';�''L: . roceedings which in the Lender's opinion operete to preveat the enfo�aeat
<br /> `'' `.-.= ,.�� or defends against enforceanent of the Hen um.legal P
<br />�::�=::�,�;':F� : to Leader subordinadag th¢lien to d3s Securiry
<br />�� •• . of the llea:or(c)sec�res from�e haltler of the lien an a�eecment sa�sfaaorY
<br /> _' :"':;;3 Insttument If Lender deteamines t3�t any part of the At�p�ty is subjoct w a lien a6icb may auain Prlority over this Securiry
<br /> -` . ,;'.:�;: ve Boimwea a corice ideneifyi�cg the lien. Bomuwer shall sadsfy the lien or take one or more of the
<br />_'� 'r,;�;.r'. Insuument,Lettde,r maY S�
<br />_ � actions set forth above witbin 10 days of the giving of aoflc�e.
<br /> " S.Ha�ard or Pro{serty Insurance. Borrower shali k�eep the impmvements now exisdng or hereafter erected on the P�perty _
<br /> - �� insured against loss by �n�,�incLided wiWa the csam "extendad coverage" and any other haza�ds.inciuding floods or
<br /> . � tlooding,for whicb�Leader requires ins�uance.7t�ig insurence shall be mantmitted in the amounts and for dte periods thet Leuder
<br />- � requires.'Ihe insivance carrier providing the insurmice shall be chosea by Bomower subject to I.end�'s approval which shall not
<br />- ' be unneasonebly witht►eld if Bmrower fails w maintain covaage descn'bed above. Lenda may.at L�der's option, obtain
<br />_ =+�`'h _�- �._�•_.:..�.e:n.tu.v,.n,o,tv in�c�lt�dance wlth naramanh?.
<br />=�-��._ ------ WY6[�GIV�ltVOWaaw��sw o..p..�.�.�.-_ _r°v - --� ' —
<br /> � ? AU insurauce Policies and c+ents�wals shall be axepmble w Lea►dBr and shall incWde a smndard mortgage clause.Leader sl�a0 _
<br /> al
<br /> - � have the right oo hold the polides and renewals. It Lender requims.Bomower shall promptly give ro LErtder all reoeipts af paid _
<br />= premiums and renevvat aodoes.In d�e event of loss,Boirower shall give prompt notice oo tha insutat►ce cairier aad Lenda.L�der =
<br /> - may mske proof of toss if not made promptly by Bo�wer. _
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<br /> — tNllals: � ■
<br /> � �•6H(NE�ta�o+�.oz CHL(01t07) Pde02me Fo�m8048 9►90
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